Intelligent Cost Cutting

Hermann Simon ()
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Hermann Simon: Simon-Kucher & Partners

Chapter Chapter 3 in Beat the Crisis: 33 Quick Solutions for Your Company, 2010, pp 41-54 from Springer

Abstract: Abstract Faced with the catastrophic collapse in revenue, cutting costs has to be the top priority for companies trying to survive the crisis. Cost cutting is inevitable and mandatory in this situation. The challenge is to lower costs quickly without causing any long-term damage to the company. This calls for more intelligent solutions than simple-minded mass layoffs. Companies must utilize as many levers as possible to reduce costs while simultaneously being cautious not to cut back in the wrong places.

Keywords: Variable Cost; Hourly Wage; Cost Driver; Current Crisis; Cost Cutting (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4419-0823-0_3

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DOI: 10.1007/978-1-4419-0823-0_3

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